Popular cryptocurrency exchange Coinbase has a white hat hacker to thank after he discovered a potential security flaw that could have resulted in devastating losses for customers. Coinbase Could Have Been Stuck in a Rut The security engineer who discovered the problem goes by the name Tree of Alpha. A real name is unknown at the time of writing, though this white hat hacker has ultimately garnered a bounty of about $250,000 from Coinbase due to his recent discovery....
Read More »Francis Suarez: Miami Coin Isn’t Going Anywhere
Despite its record-low price, Miami Coin is going to stick around for some time according to Mayor Francis Suarez. The Price of Miami Coin Is Low Miami Coin is a new digital asset built for the city of Miami in Florida. The currency has only been around for a few months but is part of the region’s goal to become one of the most crypto-oriented cities in the United States. Suarez initially had the currency commissioned to give residents an opportunity to pay utility bills...
Read More »Crypto Exchange Huobi Says It’s Returning Soon
Chinese crypto exchange Huobi is planning to make its way back into the cryptocurrency spotlight. Like the Terminator, Huobi Is Saying “I’ll Be Back” Huobi shut down a few years ago as a means of complying with new regulations set forth by state regulators in China. One of the company’s co-founders – Du Jun – says that the firm is learning from past mistakes and that it’s looking to fix all the missteps it took. One of the big goals of the company is to focus on areas...
Read More »Bitcoin Cash Analysis: Risk of Fresh Decline to $260
Bitcoin cash price started a fresh decline from the $345 resistance against the US Dollar. The price is now trading below the $310 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $310 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to recover if there is a clear move above the $310 resistance zone in the near term. Bitcoin cash price is struggling below $310...
Read More »Russia-Ukraine Tensions Cause Bitcoin to Drop
Why is bitcoin experiencing such a dip as of late? The tensions between Russia, Ukraine, and the United States may have something to do with it. Russia and Ukraine Are Having Adverse Effects on BTC Over the last few weeks, we have continuously seen news reports saying that Russia is potentially on the verge of invading and attacking Ukraine. If this were to happen, the United States has mentioned that it would impose sanctions on Russia and find necessary ways to...
Read More »Benjamin Cowen: Bitcoin Is Going to Experience Further Dips
Crypto analyst Benjamin Cowen explained in a recent online statement that the price of bitcoin could wind up taking an even harder fall next month. Benjamin Cowen Predicts Rough Things for BTC Bitcoin has been experiencing somewhat bearish trends as of late. While the currency has shot up by a few thousand dollars since the beginning of February, the asset is nowhere near the all-time high it achieved last November. During that month, the world’s number one digital...
Read More »Kevin O’Leary: BTC Is Nothing Without Institutions
Kevin O’Leary – the legendary investor of “Shark Tank” fame – is telling traders that they shouldn’t get their hopes up on bitcoin unless more institutions feel comfortable enough with the asset. Kevin O’Leary Thinks Institutions Make All the Difference The argument surrounding bitcoin’s abilities are typically centered on institutions. Over the past few years, companies like software giant MicroStrategy and payment processing firm Square have invested billions of...
Read More »EOS Price Analysis: Bearish Below $2, Bears In Control
EOS price started a fresh decline from well above the $2.50 zone against the US Dollar. The price is now trading below $2.20 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2.12 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend decline if it settles below the $2.00 support zone. EOS price is showing bearish signs below $2.20 against the US Dollar, similar to bitcoin. The...
Read More »Litecoin (LTC) Price Analysis: Risk of Sharp Losses Below $100
Litecoin failed to clear the $120 resistance and started a fresh decline against the US Dollar. LTC price is now trading below $105 and the 55 simple moving average (4-hours). There is a major bearish trend line with resistance near $104 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to decline if there is a close below the $100 level. Litecoin price is struggling below $105 against the US Dollar, similar to bitcoin. LTC price...
Read More »Avenue Securities to Offer Crypto Services Starting Next Month
Avenue Securities – a brokerage in Miami, Florida that allows native Brazilians to invest in the United States – is opening its doors to cryptocurrency. The company announced that it has plans to begin trading digital assets like BTC beginning next month. Avenue Securities Turns Towards Crypto Roberto Lee – the chief executive officer and founder – explained in a statement that his firm has seen a lot more demand for crypto-related services from customers, and thus he...
Read More »